Comments on: GM Posts Record $39B Loss, Offers Buyouts

Horrendous 2007 Prompts New Round Of Buyout Offers For All 74,000 Hourly Employees

[archiej2]

The principles of CEOs like Rick Wagoner and his counterparts should have no "escape clauses". We continue to hear the same jaded clichi, "We must pay these exorbitant salaries and bonuses to retain leadership with the talent and expertise essential to the success of the corporation". When in reality, a great number of these licentious corporate executives are merely exploiting their positions for personal gain while they continue with their ultimate quest to destroy the middle class. Get rid of these corporate bums!

[rowdytexan2]

Surprise! Surprise! Amerians can no longer afford $50,000 gas guzzling cars. Can''t afford their homes either! Now exactly WHAT could be the problem?

Now that they''re sluffing off their most expensive employees they''ll get to hire all those illegal aliens at $7/hr with no benefits and still pay they executives millions. Next thing we''ll hear is that their retirement funds no longer exist for the employees who spent their lives making those millions for them.

[olebd]

The bottom line is the big 3 had their warning signs for many years but failed to adapt to produce reliable, quality products at a decent price.

[omega39-2009]

unions, like parasites, eventually kill the host.

Posted by namesnames

Of course bad management is blameless eh? Afterall the reasoning goes, he''s got an MBA, he could run a company or a country. I''ve got news for you, when gas was at its highest and the boneheads in management at the big three decided to focus on building big Suvs and trucks, they led the company to ruin. Just like the "MBA" in the white house is leading the country to ruin.

[namesnames]

unions, like parasites, eventually kill the host.

[olebd]

$28 per hour must have made for a cozy living for somebody who holds a mechanicala screwdriver all day. Now, thanks to the greedy unions, GM will find a way to replace all these $28/hour workers with $14/hour workers. Hmmm, I wonder if they will be monkeys or illegal aliens?

And what about all those levels of upper management? What are they goingn to sacrifice? Perhaps a million or two in their yearly bonuses? No worries! Just market more to China and India...the car market is alive and well over there.

[omega39-2009]

under its new contract with the UAW, it will be able to replace up to 16,000 workers doing non-assembly jobs with new employees who will be paid half the old wage of $28 per hour.

Anyone want to guess why the housing market is in trouble?

[borris007-2009]

Maybe the US folks should start focusing on their own homegrown issues instead of meddling in other nation%u2019s business%u2026 Case in point GM%u2026 If the US government had really done what was best for their citizens, by providing medical coverage to its%u2019 own citizens, the US auto giant wouldn%u2019t be in the mess it is in now%u2026 for decades GM and the other US manufactures had to flip the bill for health coverage for current and retired employees, a huge disadvantage compared to other like manufactures from Japan, Germany, Canada, and Korea to name a few%u2026. Where was the US government? One possible answer: The US Government was involved in building new power plants, schools, hospitals%u2026, in Iraq for Iraqi citizens.

Remember GM and companies like GM help created the middle class, which made America prosperous%u2026 too bad the US government and majority of citizens that vote in the government are too foolish to understand this.

[walt1944-2009]

The former US automakers, with GM being the latest, have posted record losses and, as is usual, want to improve their bottom lines by going for the quick fix first: getting rid of production workers!

As is usually the case in situations like this, the corporate executives at GM and the other automakers think of getting rid of the "little guy" instead of looking at themselves, their own greed and stupidity, their own wasteful bad decisions, their own "agendas". In the business world, it''s "survival of the fittest" which means "survival of the executives" first, and to devil with the ones who make us the money in the first place.

Another example of the Great Emperor Bush II''s "Ferengi Economics" (or "What''s the PROFIT in it FOR ME!") at work!

SIG HEIL, BUSH!!!!

[omega39-2009]

Don''t worry, they are all going to be retrained so they can...uhm..a..well..never mind then, carry on.